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15 Jan
09:49

Italian wire rod makers push up prices

Italian wire rod producers are seeking a €30/tonne ($33/t) increase month-on-month for February-March deliveries. The move is in line with rising domestic scrap prices and increases in other long products, market participants tell Kallanish. However, the domestic market in the new year has been very slow to resume activity and has witnessed sluggish demand. Buyers are firmly refusing to accept any increases as they cannot pass them on downstream, Ka…
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